Rangers FC

2025-05-30 — “Consortium led by Andrew Cavenagh and 49ers Enterprises 'has purchased a majority stake in the club, with approval from the Scottish FA'; new leadership 'committed to invest £20 million into the club at this time', subject to shareholder approval at GM on 23 June 2025; Cavenagh chairman, Marathe vice chairman; board changes listed.”

2025-05-30 — “Group led by Cavenagh 'has bought 51% of the Ibrox club'; £20m new investment via share issue; SFA approval after dual-interest discussions given 49ers Enterprises' control of Leeds United.”

2025-06-03 — “51% controlling stake; talks began October 2024; Dave King (12.96%) and John Bennett (just over 7%) sold entire holdings, consortium then bought from other investors to reach 51%; new directors Taber, Clayton, Schneur; 49ers Enterprises also owns Leeds United.”

2025-05-30 — “Describes Cavenagh 'completing his £75million Rangers takeover'; deal signed late Thursday 29 May; additional £20m via share issue at EGM 23 June.”

2025-05-30 — “ITV's Peter A Smith: club 'valued at nearly £150m' with new investors taking 51%; article derives ~£75m paid; states the £20m investment is separate from the share purchase price.”

2025-06-09 — “'Reports that the consortium paid around £75million for their 51 per cent stake are understood to be on the high side'; different prices for different sellers; consortium operates as Rangers FC LLC and will not disclose internal shareholdings; King, Bennett and Barry Scott sold in full; ~30% still held by legacy investors, Park/Gibson/Taylor >5% each; Bennett remains largest lender (mid-teens £m); SFA ratification 29 May, announced 30 May; Cavenagh 'main money man'.”

2024-10-29 — “Revenue £88,309k (2023: £83,774k); staff costs £61,190k; operational EBITDA (£224k); operating loss before player registrations (£1,988k); loss for the year (£17,170k); first-team wages/turnover 46%; at 30 June 2024 investor loans £22.1m, commercial loans £2.7m, leases £2.8m, cash £1.7m; post year-end £9.0m debt-to-equity conversion, £4.0m new debt, £8.6m equity plan.”

2024-10-29 — “Record core revenue £88.3m, total income £94.2m; net loss £17.2m; 'net borrowing is up from £16.5m to £28.4m'; £8.6m additional funding package agreed with investors.”

2025-06-11 — “PSC01: Andrew Cavenagh notified as person with significant control on 30 May 2025; PSC cessations same day for George Taylor, Julian Wolhardt, Graeme Park, John Halsted, Alastair Johnston; directors Cavenagh, Marathe, Taber, Clayton, Schneur appointed 30 May 2025; SH01 allotment 30 June 2025; re-registration plc→private 1 July 2025; later filings show Marathe and Schneur resigned as directors 27 Feb 2026 and FY2024/25 group accounts filed 7 Jan 2026.”

2025-06-23 — “Over 98% support for all resolutions; board authorised 'to issue £20 million of new shares'; club to re-register as a private company; Cavenagh: 'all that we have done by buying 51% of this club is earn the right to compete'.”

2025-06-23 — “Four resolutions passed with 98% backing including £20m investment from Cavenagh's consortium and existing shareholders, and re-registration as a private limited company; Cavenagh: '[We have] no exit plan but a growth plan'.”

2025-05-30 — “Lead legal adviser to RIFC plc on 'majority acquisition by a consortium of investors led by Andrew Cavenagh and 49ers Enterprises Global Football Group'; 51% stake; transaction 'includes a primary capital investment into Rangers by the consortium and certain existing shareholders'.”

2025-05-30 — “Consortium bought 51% 'through a new company, Rangers FC LLC'; King (12.96%) and Bennett (7.11%) bought out entirely plus two others (likely Wolhardt 6.69%); Park, Taylor, Gibson remain >5% holders; SFA rule preventing >25% purchase by owner of another club meant consortium was headed by Cavenagh; 49ers Enterprises also owns Leeds United.”

2025-03-14 — “Pre-deal shareholder register: King 12.96%, Park 11.54%, Taylor 10.22%, Gibson 9.53%, Wolhardt 9.53%, Halsted 9.53%, Bennett 7.11%; 'Marathe and the 49ers limited to a 29.9 per cent stake due to their involvement at Leeds'; talks around guaranteed future investment tied to European progression and player trading.”

2025-05-30 — “Confirms consortium led by Cavenagh and 49ers Enterprises bought majority stake; Marathe led the £170m ($215m) takeover of Leeds United in July 2023 after five years on its board and is Leeds chairman.”

2024-10-29 — “Results released to the London Stock Exchange; revenue £88.3m, total income £94.2m; 'wages overall have come down slightly to £61.2m'; net loss £17.2m.”